AFC Gamma (AFCG) to Offer 3M Common Shares

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Go back to AFC Gamma (AFCG) to Offer 3M Common Shares

AFC Gamma, Inc. Announces Launch of Common Stock Offering

January 3, 2022 4:05 PM EST

WEST PALM BEACH, Fla., Jan. 03, 2022 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (AFC Gamma) (Nasdaq: AFCG), a commercial real estate finance company that provides loans to operators in the cannabis industry, today announced that it has launched an underwritten public offering (the Offering) of 3,000,000 shares of its common stock. AFC Gamma intends to grant the underwriters of the Offering a 30-day option to purchase up to an additional 450,000 shares of common stock.

AFC Gamma intends to use the net proceeds from the Offering to fund loans related to unfunded commitments to its existing... More